![]() Taptap Send allows receivers to receive funds directly to their bank account. Like other money transfer apps, Taptap Send allows recipients to receive funds through direct deposit or cash pick-up at a bank location. Read also: Philippines, Nigeria, Ghana are top destinations for diaspora remittances globally Receiving Money with Taptap Send The sender can only send with debit cards. Once a profile is created, users can simply choose the destination country (Nigeria) and the amount to be sent, enter the recipient’s full name, and phone number, select the preferred payout method and the bank associated with the account, and confirm the transaction and click send. The app offers no fee on money transfers from the UK, Europe & Canada and a low fixed fee from the USA to Nigeria. No sending limits among many other features that make sending money seamless.Taptap Send offers the following features: When shared, users get $10 free with their first transfer. Each user has a unique code which can be shared with family and friends. With it, users in the UK, EU, US and Canada can send money to friends and family in a matter of minutes.Īt the bottom of the taskbar is a bonus code. Meet Taptap Send a digital international money transfer service that helps Africans in the Diaspora to send money home swiftly at a low cost. Read also: Nigeria’s diaspora remittances rose 15% to hit $9.3bn in H1 2021, the highest since the pandemic Meet Taptap send With many tech startups playing in the space, there is still the need for a process that is simpler and more efficient. Yet, sending and receiving funds in Africa is still posing a significant challenge for many. ![]() ![]() These families get an average of N84,741 in diaspora remittances, with 80% of the money going toward basic needs. The National Bureau of Statistics (NBS) estimates that six out of every 100 Nigerian households get remittances from abroad. Remittances “assist poorer receivers to meet basic requirements, fund cash and non-cash investments, pay education, promote new businesses, service debt, and ultimately, fuel economic growth,” according to research by the renowned accounting firm PWC Nigeria. The International Monetary Fund (IMF) describes these inflows as cash and non-monetary things that move through legal channels such as electronic wires or through informal channels such as money or goods carried across borders. Foreign or diaspora remittances are the phrases used to describe the household income received from relatives, friends, and people living abroad. ![]()
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